Like anything, there’s more than one way to run a business. Are you hands on or do you have a team backing you up? What’s important to understand is what do you want to get out of it.

We often speak with business owners who have either lost sight of what that is or have never asked themselves the question. So, do you run your business or does your business run you?

David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.

Do you run your business or does your business run you? 

Could you step away from your business for a period of time and it still have it bubble along successfully without you? Have you delegated roles and responsibilities to the right people (whether it be to an employee or outsourced third party provider) to achieve your business goals?

We often speak with business owners that have lost sight of why they got into business in the first place. Was it to work less? Retire early? Make a lot of money?

Take a step back and ask yourself - what does success really mean to you? The answer is different for everyone!  
 
Document what success means to you. Plan how you’ll work towards the success. Then execute it by making the right decisions in your business to achieve your goals.   

#legal #business #finance #team #innovation #podcast #melbourne

David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.

So what is succession and how does it relate to success? Success in business is different for every business owner – Whether that be mean growing and selling it on, or simply closing the door when you decide, the trick to succession planning, like all things – it depends

David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.

As a business owner, you might view the notion of superannuation as unnecessary. Why would you lock away capital that you could use to grow your business? But is there more to it? 

David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.

The recent collapse of ProBuild has been a stark reminder that everything isn’t always as it seems. Even when a business appears successful externally, it doesn’t necessarily mean it is.

So what can you do if a customer can’t pay? The first thing you might consider is lawyering up – but you could end up more out of pocket than you were.

Join Alex and Dave as they discuss what to do and how to protect your business from unrecoverable debt.

#legal #business #finance #team #innovation #podcast #melbourne

David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.

Like any partnership, disagreements will occur – but is it really about directions or something else. When it’s not business as usual what way do you go?

#legal #business #finance #team #innovation #podcast #melbourne

David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.

“Wow, that’s expensive” We hear it pretty often, but expensive compared to what? Is the opportunity cost of not paying for professional business advice worthwhile, or is it a false economy? When avoiding the bill, you could end up paying more than you bargain for.

David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.

So, don’t look a gift horse in the mouth, but where should you look? Gifting equity of your business can be at first glance, a great way to incentivise some of your key staff, but is it the best solution in that instance? 

We know we're a bit long in the tooth, however, this isn’t our first rodeo, so here’s the skinny on horse-trading with your people.

David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.

For whatever the reason may be, emplyoees can come and go - but what if they’re are taking more than a box of personal stuff when on the way out?

David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.

Is the right decision the best decision? Maybe not always, but a little insight is always a good thing. This time around the boys discuss their best ever business decision, but what could that possibly be?

David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Partner of tauruslawyers.com.au. No drinks were harmed in the making of this episode.